This property looks like a bad Mid-Term investment with a projected -8.44% first-year return on $80,895 initial cash invested.
-8.44%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$1,960
Rent
-$569
Cashflow
Cash Flow
$1,960 income − $2,529 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,895
Downpayment
20%
$59,900
Closing costs
1%
$2,995
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$1,960
Total Expenses
$2,529
Mortgage P&I
83%
$1,630
Property Taxes
7%
$128
Home Insurance
5%
$105
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$216